Fossil Group, Inc. (NASDAQ: FOSL) has launched an exchange offer to exchange its outstanding 7.00% Senior Notes due 2026 ("Old Notes") for different securities. For holders participating in the New Money Financing, they will receive 9.500% First-Out First Lien Secured Senior Notes due 2029 ("First-Out Notes") and warrants ("Initial Public Warrants"). Non-New Money Participants will receive 7.500% Second-Out Second Lien Secured Senior Notes due 2029 ("Second-Out Notes") and warrants. To participate, holders must tender all their Old Notes. This offer aims to restructure the company’s debt with different terms for participating and non-participating holders.